Hi all,
As per Section 196 (2) No company shall appoint or re-appoint any person as its managing director, whole-time director or manager for a term exceeding five years at a time.
Is the above provisions applicable to a Nidhi Company i.e. can a Nidhi company appoint a WTD for a period of 10 years.?
Dear All,
If an Additional Directors are not regularized in AGM, then what are the consequences ?
Will those directors be considered as resigned ?
director
regularization
Hi,
Can a director resign in AGM...can we take up the this matter in an AGM?
director
resignation
Hello All,
Can anyone please guide me whether commission can be distributed to directors on work basis or not? And any celling limit? Any reporting?
Thanks in adv everyone
basis
work
directors
commission
Dear All,
We have total 2 directors in the private company, out of them 1 directors died one on 19.02.2021
The company was informed on 20.06.2021 about death. now want to appoint another 1 directors in the same whose DIN has been taken on 23.06.2021
what can be done in this case for proper compliance?
Dear members,
We had filed STK-2 for strike-off of name of company in Mar 21. However, we are yet to hear from the MCA in this regard. In the meanwhile one of the Directors (out of 2 Directors) died due to Covid. Kindly clarify on:
(a) How do we intimate ROC about death of the Director?
(b) As the strike-off has been initiated from the company's side, do we need to bring in one more Director to bring the number of Directors to the statutory minimum
(c) Do we need to file the annual returns and other forms for the company for 2020-21?
(d) If we can induct new Director, then how do we modify the Indemnity Bond and Affidavit given while filing the Strike-off form?
Dear All,
Please let me know the simplest procedure to borrow from Foreign director with RBI compliance's. Whether the loan taken has to be in form of CCDs ?
Dear All,
What are the requirements to appoint a foreign individual as a director of a company.
individual
director
foreign
appointment
required
documents
Dear All,
What are the requirements to appoint a foreign individual as a director of a company.
individual
director
foreign
appointment
required
documents
Dear Members,
Please share your views on below stated query wrt to Listed Company-
If an independent director was appointed on 16th May, 2017 subject to shareholders approval in AGM held on 30th September, 2017.
Her first term of 5 years expires in May, 2022 whereas the AGM is generally held in the month of September.
My query is when and how shall we re-appoint her for her next tenure in order to comply with the Companies Act and SEBI (LODR) Regulations so that our composition of BOD is not disturbed.
director
independent
tenure
related
query
Dear Members,
Under Companies Act, 2013, the appointment of a nominee director is made in accordance with section 161(3) .
A nominee director is “nominated” by a nominator. The nominator has all the rights with respect to appointment, removal, resignation or cessation and the terms and conditions of appointment form part of a long term agreement or a shareholders’ agreement entered into with the investee company.
My query is an alternate director can be appointed as nominee director?
Dear All,
Can anyone please confirm how to proceed in case of Death of the Sole member cum single Director of OPC. Basically my queries are:
1. Do we need to submit documents physically?
2. If not, then how to file INC-4, Whose DSC is to be affixed in the form?
